I'll let the true 947 experts weigh in, but it sounds like it's already bored over +1mm. You could go to 89.5 and bore the cylinder sleeves +1.5 over stock, but really you're looking into re-sleeve territory. Going under is not an option, however if you got a new cylinder sleeve you could go all the way back to stock (88mm). Note that the RAVE valves have to be trimmed/clearanced for the oversized pistons.
EDITED TO ADD:
Typically the 947 crank doesn't last much longer than a new top end does. I'd look at doing a complete rebuild (incl crank/bottom end) rather than just a top end job. You have been warned haha.